Author: Duncan McLeod

JSE-listed alternative telecommunications provider Huge Group has signed a memorandum of agreement in terms of which it intends acquiring 100% of specialist ICT company Centracom for R81,6m. Most (90%) of the proposed acquisition will be settled through

MTN’s group CEO, Sifiso Dabengwa, is in Nigeria to negotiate with authorities in the West African country as the JSE-listed telecommunications provider looks to head off a damaging US$5,2bn (R72bn) fine. In a statement to shareholders on

The Nigerian Communications Commission (NCC) shows no sign of backing down over a record-setting US$5,2bn (R72bn) fine against the local subsidiary of South African-headquartered mobile phone group MTN. According to a report by

The Sunday Times Top 100 Companies list, announced on Tuesday evening, has ranked the top performing companies on the JSE over the past five years. Technology group EOH has

The Nigerian Communications Commission (NCC) appears to be playing hardball with MTN Nigeria over a US$5,2bn (R71bn) fine it has imposed on the company. According to a report published by Nigerian newspaper Leadership, the NCC has suspended all regulatory

The JSE is engaged in what its GM for issuer regulation, Andre Visser, is terming “focused conversation” with the sponsor of MTN, Deutsche Securities. It is doing so in the interests of the telecommunications operator’s shareholders, Visser said. The remarks

Telecommunications group MTN has confirmed that the Nigerian Communications Commission has imposed a fine on its Nigerian subsidiary of a massive US$5,2bn (about R71bn). The confirmation of an earlier report published by Technology Times in Nigeria

MTN’s share price was trading down by more than 5% at lunchtime on Monday after reports emerged from Nigeria that the telecommunications group is facing a fine of more 1,04 trillion naira

South African-headquartered media and Internet giant Naspers on Monday said it would sell its holdings in online retailer Netretail and price comparison site Heureka to the Czech-based investment firm Rockaway Capital for US$201m (about R2,7bn). The move

Hello Group is a company most well-to-do South Africans have probably not come across. But in the mass market, and particularly in the migrant worker community, the telecommunications and